ESTERO, Fla., May 11, 2020 /PRNewswire/ –Hertz Global Holdings, Inc. (NYSE: HTZ) (“Hertz Global” or the “Company”) today reported results for its first quarter 2020. Financial results significantly impacted by COVID-19 pandemic Consolidated revenue of $1.9 billion, U.S. RAC revenue of $1.4 billion Hertz Global net loss of $356 million, Adjusted Corporate EBITDA of negative… Continue reading Hertz Global Holdings Reports First Quarter 2020 Financial Results
Category: Newswire
Jaguar XF sedan facelift undergoes testing
Jaguar is expected to reveal an updated XF before the year is out, and a disguised prototype of the sedan was recently spied in Sweden.The new XE will no longer be available with the supercharged V6 S variant for the rest of its lifecycle, while V6 petrol and diesel versions of the F-Pace and XF are no longer on sale.In India, Jaguar recently launched the BS6 version of the XF sedan which is essentially the pre-facelift model of the one that is caught on the lens.
Genesis Motor America Announces ‘Genesis Concierge’ At-Home Car Shopping Service
“A true luxury experience should exceed a customer’s unique desires and expectations,” said Mark Del Rosso, President and CEO, Genesis Motor North America. “Genesis Concierge is a tailored service that delivers a new level of personalized luxury, because we are committed to delivering an experience that satisfies our customers on their terms, not ours. As… Continue reading Genesis Motor America Announces ‘Genesis Concierge’ At-Home Car Shopping Service
Valmet Automotive restarts car production today with strict safety measures
Valmet Automotive restarts car production today at the Uusikaupunki, Finland car plant. Production has been suspended since April 3 due to lack of components caused by the covid-19 pandemic. All Valmet Automotive plants are now operative, as the battery plant in Salo, Finland and the roof and kinematic systems plant in Zary, Poland, have restarted… Continue reading Valmet Automotive restarts car production today with strict safety measures
VW CEO: China is full of opportunities in wake of novel coronavirus
German carmaker Volkswagen AG sees new opportunities abounding in China, as the country subdues the coronavirus outbreak.The carmaker’s China performance was a stark contrast to other parts of the world.Wealthy customers are coming back to the market faster than expected.
SK Telecom to supply car infotainment system to Volvo in S. Korea
SK Telecom Co. said Monday its car infotainment system will be installed in Volvo vehicles sold in South Korea.Under the partnership with Volvo Car Korea Co., the South Korean telecommunications firm will supply its in-vehicle infotainment (IVI) system and will cooperate to develop IVI-related technologies.In January, the company signed a partnership with China-based electric vehicle (EV) maker Byton to develop an IVI system.
Lotus and Centrica Agree Partnership to Redesign Electric Vehicle Ownership
– A new model of integrating connected vehicles, connected homes and connected customers is being developed – New, flexible platform designed to power a future digital mobility lifestyle – New global sustainability programme targets net zero carbon across Lotus operations LONDON, May 11, 2020 /PRNewswire/ — Centrica plc, the parent company of British Gas, and… Continue reading Lotus and Centrica Agree Partnership to Redesign Electric Vehicle Ownership
Haldex has Completed a Directed New Share Issue of Approx. 4.4 Million Shares to AMF Pensionsförsäkring and AFA Försäkring Raising Proceeds of Approx. SEK 157.2 Million
STOCKHOLM, May 11, 2020 /PRNewswire/ — The board of Haldex Aktiebolag (publ) (“Haldex” or the “Company”) has, pursuant to the authorization given at the annual general meeting 2019, resolved to issue a total of 4,421,597 new shares to AMF Pensionsförsäkring and AFA Försäkring. The new shares have been issued at a subscription price of SEK… Continue reading Haldex has Completed a Directed New Share Issue of Approx. 4.4 Million Shares to AMF Pensionsförsäkring and AFA Försäkring Raising Proceeds of Approx. SEK 157.2 Million
Haldex Reaches Agreement With Lenders and Intends to Carry Out a Directed New Share Issue to AMF Pensionsförsäkring and AFA Försäkring
STOCKHOLM, May 11, 2020 /PRNewswire/ — Haldex Aktiebolag (publ) (“Haldex” or the “Company”) has reached an agreement with the Company’s lenders including to extend the maturity of the existing syndicated credit facility of EUR 90 million and the existing short-term loan of SEK 270 million to April 2022 and to make certain adjustments to the… Continue reading Haldex Reaches Agreement With Lenders and Intends to Carry Out a Directed New Share Issue to AMF Pensionsförsäkring and AFA Försäkring
Honda Plans to Start Reopening U.S. and Canada Plants on May 11
Honda Motor Co. will resume operations at its vehicle and auto-parts factories in the U.S. and Canada starting on May 11, joining a caravan of other carmakers restarting North American production this month for the first time since mid-March.